Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$302,672$296,883
Remaining term (yrs)24.430.0
Secondary amount$0$0
Funding fee$1,513$0
Note rate5.400%7.400%
Blended rate5.400%7.640%
1st payment$1,858.47$2,055.56
2nd payment$0.00$0.00
Taxes / mo$153.17$153.17
Insurance / mo$150.00$150.00
MI / mo$0.00$59.38
HOA / mo$113.33$113.33
Total monthly$2,274.97$2,531.43
Cash to close$27,198$32,987